Spring is in the air; the weather is finally coming around, and it is time to think about home projects. In the competitive rental market, anything landlords can do to set their place apart is good. So, out with the old and in with the new! Whether you are looking to do a complete overhaul or just a little freshening up, we have got you covered. Join us below as we check out the top home improvement trends for the Spring 2021 season.
Top Home Improvement Trends for Spring 2021
It is safe to say that everyone is happy to wave goodbye to 2020. Moreover, we are also waving goodbye to some of the tired decorating trends for a fresh approach in 2021. So, check out this list below for Spring home improvement projects worth considering.
- Replace Old and Drafty Windows
- Create an Outdoor Oasis
- Refresh Your Home’s Exterior
- Update the Kitchen
- Innovate the Bathroom
Average Cost: $175 to $700 per window
You may find it surprising how much of a role windows play in energy efficiency. Therefore, if they are old, consider an upgrade. Although the cost can add up, this will pay off in the long run by increasing the home’s value. Additionally, new windows seal out cold air, pests, and moisture, all of which can negatively affect the property.
Create an Outdoor Oasis
Stay-at-home orders throughout the pandemic had homeowners taking a long hard look at their indoor and outdoor spaces. More and more interest is shifting towards outdoor entertaining spaces in 2021. The great thing about improving outdoor space is it can consist of big or small changes to fit any budget. Check out some of these suggestions below –
- Go Big or Go Home with a New Deck – Average Cost: $30 to $60 per square foot
- Dine Out on a New Patio – Average Cost: $10 to $20 per square foot
- Beat the Heat with a New Retractable Patio Awning – Average Cost: $500 to $,2000
- Set the Mood with Outdoor Lighting – Average Cost: $100 to $800
The home’s exterior is the first thing anyone sees and the best chance of making a good impression. Whether you plan to stay awhile, sell the home, or market as a rental, improvements made outside provide a good return on investment. That said, this is one of the most impactful home improvement trends that could include anything from new allover siding to painting the front door a bold new hue.
- Siding Replacement – Average Cost: $2 to $7 per square foot
- New Front Door – Average Cost: $300 to $1,500
- Allover Power Washing – Average Cost: $200 to $800
- Fresh Colorful Landscaping – Average Cost: $100 to $2,000
Update the Kitchen
Few home improvement trends boast the return on investment that a kitchen upgrade can. Whether property owners consider a gut renovation or a new coat of paint, focusing on this area is sure to be a win. One of the biggest home improvement trends in this area is the increased demand for large kitchen islands that provide both storage and added seating. Extra storage is something we all could make good use of. So, when remodeling, consider adding built-in storage or mixed-use solutions to maximize efficiency and useable space. Let’s look at a few suggestions for sprucing up a tired or dated kitchen below –
- Kitchen Remodel – Average Cost: $4,000 to $30,000
- Refacing Kitchen Cabinets – Average Cost: $1,000 to $6,000
- Upgrading the Appliances – Average Cost: $800 to $5,000
Average Cost of Full Bathroom Remodel: $6,000 to $15,000
Generally, bathrooms can be boring. However, bathrooms deserve the same care and attention as a kitchen or any other living area. According to The National Kitchen and Bath Association, one of the next big home improvement trends is large freestanding showers. On the luxurious side, top new trends for 2021 include motion censored dimmable lighting, heated flooring, spa showerheads, touchless fixtures, and even a bidet. All of these ideas seek to make the bathroom an oasis and not just a boring necessity.
2021 Decorative Home Improvement Trends for a Stylish Interior
Not every home improvement trend requires tearing down walls. In fact, simple changes can provide an immediate impact while totally transforming the feeling of a space. Take a look at these stylish and effective solutions below –
- Home Offices – Whether your property has a dedicated room or just a spare corner, setting up a home office flex space is a great idea. As more of the population settles into working from home, this is one of the home improvement trends likely to stick around.
- Brushed Finishes – Shiny has its place, but in 2021, matte and brushed finishes are all the rage. Consider swapping outdated kitchen or bath hardware for an instant room refresh.
- Statement Walls – In 2021, the latest style trend focuses not just on color but texture. So, consider boosting color with a rich earthy hue or bold jewel tone. For added textural interest, try an embossed wallpaper or decorative wood paneling.
- Deco to Modern – Style and function enjoy a retro reboot as the décor of the Art Deco and Mid-Century Modern movements make a comeback. Furniture of this area has sleek lines and appeals to many homeowners whether they have large or small spaces.
- Sustainability – When it comes to home improvement trends, making every dollar count is vital. Eco-friendly and durable materials have come a long way in recent years. Everything from bamboo flooring to cabinetry made from recycled plastic bottles are upgrade options for homeowners in 2021.
The Best Home Improvements That Add Rental Value
Not every remodeling trend translates to a rental property. After all, in a rental unit, the goal is to keep things neutral and avoid overly personal style choices. That said, getting and keeping great tenants relies in part on a well-maintained and comfortable living space. So, with that in mind, continue reading below for the best improvement trends that provide value to a rental property.
- The Kitchen – Everyone appreciates a beautiful updated kitchen. However, there are a few key elements that are important for renters, such as energy-efficient and matching appliances, plenty of storage, a built-in dishwasher, and stain-resistant countertops.
- Bathrooms – “Updated Bath” is a popular buzzword for tenants searching for a new rental. Thankfully, a full remodel is not always needed. In fact, a new spa showerhead or upgraded hardware is a great option to refresh the space.
- Fresh Paint – Walls can show a tremendous amount of wear and tear, especially in a rental. Therefore, repairing minor damage along with a fresh coat of paint offers an unmatched return on investment.
- Flooring – Carpet rarely holds up to the demanding wear and tear of a rental unit. Additionally, it traps allergens, stains, dirt, and smells, making it an undesirable choice for most renters. Investing in tile, laminate, or hardwood is definitely worth the cost.
- Curb Appeal – First impression matters! So, do not overlook the curb appeal of your rental home. Spring is a great time to punch up the landscaping with colorful and low-maintenance perennials or paint the front door an eye-catching new color.
Bonus Tip – Add Some Popular Amenities
The rental industry is a competitive one. Therefore, anything landlords can do to stand out and make their property more desirable will, in turn, help limit vacancy time. So, research local area comps and see how your rental measures up. If it is lacking, consider adding some of the top amenities’ renters search for below –
- Washer and Dryer
- Fenced Yard
- On-Site Parking Options
- Outdoor Living Space
- Central Air
- Dishwasher
- Added Storage Space
Improve Your Rental Business with Professional Property Management
Improving your rental property is a fantastic way to attract quality tenants. However, running a successful rental property business does not end at filling the unit. As a matter of fact, the task list for landlords can seem endless at times. So, consider making a worthwhile investment by hiring an experienced local property manager to take over the day-to-day operations.
At Bay Property Management Group, our comprehensive team of leasing agents, managers, accounting staff, and support professionals work tirelessly to ensure owners get the most out of their rental investment. Give us a call today for a free no-obligation rental analysis and see what Bay Property Management Group can do for you!